

City Atrium 
Rue du Progrès 50 
1210 Brussels 
T +32 2 277 52 72 
info@bma-abc.be 
http://www.belgiancompetition.be 
 
 
 
PRESS RELEASE 
Nr 46/2024 
31 October 2024 
 
 
The Belgian Competition Authority approves the acquisition of joint control of Jeco Energies 
by NPM Capital 
  
On 30 October 2024, the Belgian Competition Authority (“BCA”) approved the acquisition of joint control 
over Jeco Energies by NPM Capital.  
The concentration was notified on 24 October 2024 and the application of the simplified procedure was 
requested. 
NPM Capital is an investment company that  invests in medium-sized and large companies operating 
mainly in the following four areas: (i) the technology sector and companies focusing on the digitalization 
of certain sectors, (ii) healthcare, (iii)   the   food,  gardening   and   agriculture   industries,   and   (iv) 
sustainability. In 2024, NPM Capital has 23 companies in its portfolio. 
Jeco  Energies  is  active  in the  field  of industrial  power  supply  and  automation  solutions.  It  offers 
temporary and permanent (complex) medium-voltage industrial solutions for industrial customers, as 
well as related activities. Its headquarters are located in Herentals and it owns branches in Belgium, the 
Netherlands and South Africa. 
In its decision of 30 October 2024, the BCA found that the conditions for the application of the simplified 
procedure were met and that the notified concentration did not raise objections. 
 
For further information, please contact: 
 
Damien Gerard 
Prosecutor General 
Tel: +32 (2) 277 76 57 
E-mail: damien.gerard@bma-abc.be 
Website: www.bma-abc.be 
 
 
 
 
 
 
The Belgian Competition Authority (BCA) is an independent administrative authority that contributes to the definition 
and implementation of competition policy in Belgium. Concretely, the BCA pursues anti-competitive practices, such 
as cartels and abuses of a dominant position, and reviews the main merger operations. The BCA cooperates with 
the other competition authorities of the member states of the European Union and the European Commission within 
the European Competition Network (ECN) 

Belgian Competition Authority Greenlights NPM Capital's Joint Control of Jeco Energies

The Belgian Competition Authority has given the green light to NPM Capital's acquisition of joint control over Jeco Energies. NPM Capital is an investment company focusing on technology, healthcare, food, gardening, agriculture, and sustainability, with 23 companies in its portfolio. On the other hand, Jeco Energies provides industrial power supply and automation solutions to industrial customers.

 The BCA found that the conditions for the simplified procedure were met and that the concentration did not raise any objections. This decision allows NPM Capital to proceed with the acquisition of joint control over Jeco Energies without facing any competition law issues.



Belgian Competition Authority Greenlights NPM Capital's Joint Control of Jeco Energies

The Belgian Competition Authority has approved NPM Capital's acquisition of joint control over Jeco Energies, a company specializing in industrial power supply and automation solutions.